The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2023, having grown by 1.7% in 2022. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest educational building construction projects initiated globally in Q2 2023, according to GlobalData’s construction projects database.
1. Fort Worth Academic Campus
The project involves the construction of an academic campus in Fort Worth, Texas, the US.
Construction work started in Q2 2023 and is expected to be completed in Q4 2028.
The project aims to boost the regional economy while anchoring an innovation district in southeast downtown. Buy the profile here.
2. Helix Park Public Health School
The project involves the construction of a 10-story medical educational building over a 32,516m2 area in Houston, Texas, the US.
Construction work commenced in Q2 2023 and is expected to finish in Q3 2026.
The project aims to provide space for all medical students and to enhance patient care services.
3. University Avenue Data Science Building
The project involves the construction of a 32,516m2 data science building in Madison, Wisconsin, the US.
Construction work started in Q2 2023 and is forecast to complete in Q4 2025.
The project aims to meet its goal to be a national and global leader in the field of data science research and education for all students. Buy the profile here.
4. School of Computer, Data and Information Sciences Building
The project involves the construction of a 31,864m2 seven-story CDIS building in Madison, Wisconsin, the US.
Construction work commenced in Q2 2023 and is expected to be completed in Q4 2025.
The project aims to provide better educational facilities in the region. Buy the profile here.
5. University of Derby Business School
The project involves the construction of 9,317m2 a business school building for 6,000 students near the One Friar Gate Square building, Derby, the UK.
Construction work started in Q2 2023 and is expected to be completed in Q4 2024.
The project aims better educational facilities in the region.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
